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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Warehouses
2108 Jelane Dr Valrico, FL 33594-3122
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0245580
Property summary
AI-generated overview
This exceptional 400-square-foot industrial space, located at 2108 Jelane Dr, Valrico, FL 33594, presents a fantastic opportunity for businesses seeking flexible and versatile warehouse or distribution solutions. Situated in the Tampa, FL submarket of Hillsborough County, this single-story building offers a total of eight suites, with this entire 400 square foot unit currently vacant and ready for immediate occupancy. The property's "flex" designation allows for a variety of uses, making it ideal for a range of businesses. Its ample space is perfect for storage of materials, tools, or excess inventory. The property's location in Valrico provides easy access to major transportation routes, streamlining logistics and distribution. This is a multi-tenant building, offering a collaborative environment. The property is classified as Industrial and Special Purpose, reflecting its adaptability to diverse operational needs. This is a rare opportunity to secure a functional and well-located industrial space in a thriving market. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,630 SF
Lot
2.03 ac (88,502 SF)
Zoning code
CG
APN
U192921327000002000010
UPID
US18-0245580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$1.17M
Owner & transaction history
Peoples Choice Storage Valrico Bran · 4 yrs held
Peoples Choice Storage Valrico Bran
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CG · Valrico, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$885,000
+64.4%
Retail stores
$835,000
+55.4%
Commercial (general)
$765,000
+41.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Valrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valrico submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,175,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$835,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$765,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.15M (Sep 17 2021)
Last sale anchor
$1.15M
Sep 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$322 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,510
Tax year 2023
Assessed value
$1,538,800
Assessed 2023
Previous assessed
$1,332,300
+15.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$382,757
Assessed improvement
$1,156,043
Land market value
$382,757
Improvement market value
$1,156,043
Total market value
$1,538,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
10
Rooms
114
Total area
3,630 SF
Lot
2.03 ac (88,502 SF)
Zoning code
CG
APN
U192921327000002000010
UPID
US18-0245580
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Valrico, FL
Zoning CG · permitted uses
CG · Valrico, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
RETAIL STORES
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
10
Rooms
114
Lot
2.03 ac
Current owner
From public records · entity-resolved
Peoples Choice Storage Valrico Bran
Individual
Mailing address
999 DOUGLAS AVE STE #3318, ALTAMONTE SPRINGS, FL 32714-2063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Peoples Choice Stotage Valrico Bran
—
Deed
related
$154,800 · Florida Department Of Commerce
Sep 17, 2021
$1,145,900
Peoples Choice Storage Valrico Bran
Valrico Mini Storage LLC
Warranty Deed
$1,557,500 · Gte FCU
Jun 7, 2019
$1,400,000
Valrico Mini Storage LLC
Desotobrazil LLC
Warranty Deed
$572,560 · Synovus Bk
Sep 19, 2011
$1,112,000
Desotobrazil LLC
Nystedt Vanduzer Properties LLC
Deed In Lieu Of Foreclosure
related
$889,552 · Community Bank & Company
Mar 27, 2007
$1,100,000
Nystedt Vanduzer Props LLC
Reed,phillip W & Jean M
Warranty Deed
$935,000 · Community Bank Of Manatee
—
—
Phillip W Reed
—
Deed Of Trust
related
$150,000 · Valrico State Bank
—
—
Nystedt Vanduzer Props LLC
—
Deed Of Trust
related
$190,000 · Community Bank Of Manatee
—
—
Phillip W Reed
—
Deed Of Trust
related
$200,000 · Valrico State Bank
—
—
Phillip W Reed
—
Deed Of Trust
related
$550,000 · Valrico State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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